Tagged: peer-to-peer lending

Lithuanian P2P Lender NEO Finance Now Seeking €200,000 Through Seedrs Funding Round

NEO Finance, a Lithuania-based peer-to-peer lending platform, is now seeking €200,000 through UK’s equity crowdfunding platform, Seedrs. Founded in 2015, NEO Finance claims to be the largest P2P lending platform in Lithuania and is operating under the name, Paskolų klubas. The lender noted it offers investors… Read More

CrowdProperty Milestone: Funds 50th Project

Peer to peer property lender CrowdProperty announced on  Thursday it has funded its 50th project. The latest milestone comes just a little over a month after CrowdProperty surpassed £20 million in funding for property projects. The 50th project raised £867,000 for a 24-bedroom House of Multiple Occupation… Read More

Overfunding: Crowdstacker Surpasses £800,000 Funding Target During the Final Days on Seedrs

Just days before its latest Seedrs funding round is set to close, Crowdstacker, a UK-based peer-to-peer lending platform, has successfully secured its initial 800,000 funding target from nearly 350 investors. As previously reported, Crowdstacker was founded in 2014 and describes itself as an award-winning FCA regulated online… Read More

SocietyOne Milestone: Aussie P2P Lender Hits $500 Million in Lending

Australia-based marketplace lender SocietyOne announced on Tuesday it has reached $500 million in loan originations across its personal loan, agri lending, and marketplace business, and is now setting its sights on reaching $1 billion by the end of 2019. The news comes less than a month after… Read More

Irish P2P Lending Platform Flender Raises €10 Million Through Latest Funding Round For SME Lending

Irish peer-to-peer lender Flender has reportedly raised €10 million through its latest funding round to lend to small and medium-sized enterprises (SMEs). Flender, which was launched in early 2017,  is authorized and regulated by the Financial Conduct Authority under Registration Number 657861. The online lender is now on a… Read More

Crowdstacker Milestone: Online Lender Exceeds £50 Million in Funds Raises For British Businesses

Crowdstacker, a UK-based peer-to-peer (P2P) lending platform, recently announced it has exceeded £50 million in funds raised for UK businesses that are featured on its portal. According to the online lender, 100% of the P2P lending funds raised for British businesses through Crowdstacker has come directly… Read More

P2P Lender Crowdstacker Now Seeking £800,000 Through Seedrs Funding Round

Crowdstacker, a UK-based peer-to-peer lending platform, is now seeking £800,000 through its equity crowdfunding campaign on Seedrs. Founded in 2014, Crowdstacker describes itself as an award-winning FCA regulated online alternative investment platform that provides ISA eligible P2P loans, bonds, and loan notes. According to the… Read More

P2P Lender ArchOver Announces IFISA

ArchOver, the UK P2P business lending platform, announced this week the launch of its Innovative Finance ISA (IFISA)to both new and existing lender. ArchOver reported that the IFISA allows individuals to earn tax-free returns by investing over P2P lending platforms using their annual ISA allowance of… Read More

Robo.Cash Research Confirms: P2P Lending Is Becoming A Significant Income Source For Young Investors

Peer to peer lender Robo.cash announced this week its latest report revealed that the most part of today’s investors are in the age group of 25-44 years and the half of that number is just getting experience but positive about the alternative lending and going to increase… Read More

Proplend Looks Back on 2017 P2P Successes & Announces 2018 Plans

On Tuesday, online platform Proplend gave its 2017 peer-to-peer lending year in review. The lender listed the various accomplishments that the lending industry experienced in the past twelve months. The accomplishments are the following: The majority of platforms gained full Financial Conduct Authority (FCA) authorization Many… Read More

Crowd For Angels Launches £50 Million Bond Investment Opportunity

On Thursday, peer-to-peer lending platform Crowd For Angels reportedly announced the launch of its £50 million bond investment opportunity. This news comes less than a year after Crowd for Angels launched its first crowd bonds, which are described as specially created secured, high-interest products act are… Read More

Federal Reserve Cautions on Peer to Peer Lending: “An alarming growth in defaults calls for further examinations”

The Federal Reserve is out with a disconcerting report regarding the peer to peer lending or marketplace lending industry. According to the authors, Yuliya Demyanyk at the Cleveland Federal Reserve, Elena Loutskina at the University of Virginia, and Daniel Kolliner at the University of Maryland, peer… Read More

Latvian P2P Platform DoFinance Now Available for Investments from Legal Entities

On Tuesday, Latvian peer-to-peer lending platform DoFinance announced it is now available for investments from legal entities. According to the online lender, it is already offering investment options for individuals and is operating in both European and Asian markets. According to DoFinance, for both individuals… Read More

RateSetter Celebrates Seventh Anniversary (Video)

On Thursday, peer-to-peer lending platform RateSetter announced it is celebrating its seventh anniversary this weekend. This celebration comes two months after the platform announced its lenders have now delivered more than £2 billion in loans to people and businesses across the UK and in doing so… Read More

Reserve Bank of India Set to Classify Peer-to-Peer Lending Platforms As Non-Banking Financial Institutions

Reserve Bank of India recently announced it will be classifying peer-to-peer lending platforms as non-banking financial institutions. According to Economic Times, Sudarshan Sen, executive director of RBI, announced that the regulator is currently waiting for the gazette notifications from the central government for the final… Read More

OnDeck Celebrates 10 Years of Online Lending

On Friday, online lender for small businesses OnDeck (NYSE: ONDK) celebrated 10 years of lending. The company stated that to date it has provided more than $7 billion in capital to over 70,000 customers in 700 different industries in the U.S., Canada, and Australia. Noah Breslow, CEO… Read More

SoFi Announces: Personal Loans Help People Pay Off More Than $5 Billion In Credit Card Debt

On Monday, online lender SoFi announced its members have cumulatively paid off over $5 billion dollars in credit card debt using its SoFi Personal Loans and getting them out of debt faster with lower interest rates. According to SoFi, members who used SoFi Personal Loans to… Read More

SocietyOne Celebrates Five Year Anniversary Of Helping Customers

Australia-based online lender SocietyOne announced on Monday it is celebrating its five-year anniversary of helping customers achieve their lending needs. This celebration comes less than two months after the lending platform surpassed $300 million in total originations. The lender revealed that more than 13,000 customers thanks… Read More

Funding Circle to Launch New Version of Autobid & Autosell Lending, Investors Will No Longer Be Able to Choose Single Loans

On Monday, Funding Circle announced it is set to launch a new version of its existing Autobid and Autosell lending tools. Funding Circle will be eliminating the option to manually choose which businesses an investor may lend to and which loan parts to sell will be… Read More

RateSetter Withdraws From the UK Peer to Peer Finance Association [u]

On Friday, P2P lending platform RateSetter announced it has withdrawn from the Peer-to-Peer Finance Association (P2PFA). This news comes less than a month after the online lender was hit with a series of significant operational challenges as several large loans have struggled. RateSetter stated; “Following our… Read More

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